The following stocks were detected to be trading among the most active on August 25: PowerShares QQQ, iShares Russell 2000 Index, SIRIUS XM Radio Inc, JPMorgan Chase & Co, and ProShares UltraShort S&P500. These stocks are highly traded usually because new relevant information on the company has become available. Being on the highly active list isn't always positive as high activity may be a result of negative news. Regardless, high activity means high liquidity. High volume, combined with price movement is what traders require to make profits.
Shares of PowerShares QQQ (QQQ) fell by 1.4% or $-0.74/share to $51.95. In the past year, the shares have traded as low as $42.63 and as high as $59.83. On average, 74414330 shares of QQQ exchange hands on a given day and today's volume is recorded at 32069312. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $55.73 area but be careful because the stock may face selling pressure at this level.
Shares of iShares Russell 2000 Index (IWM) fell by 2.11% or $-1.46/share to $67.74. In the past year, the shares have traded as low as $58.18 and as high as $86.55. On average, 79080580 shares of IWM exchange hands on a given day and today's volume is recorded at 29140040. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $77.63 area but be careful because the stock may face selling pressure at this level.
Shares of SIRIUS XM Radio Inc. (SIRI) fell by 2.57% or $-0.05/share to $1.71. In the past year, the shares have traded as low as $0.95 and as high as $2.45. On average, 94845460 shares of SIRI exchange hands on a given day and today's volume is recorded at 23381212. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $1.83 area where the stock may encounter resistance.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 1.42% or $0.51/share to $36.34. In the past year, the shares have traded as low as $32.31 and as high as $47.80. On average, 40446490 shares of JPM exchange hands on a given day and today's volume is recorded at 22378456. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $39.04 area but be careful because the stock may face selling pressure at this level.
Shares of ProShares UltraShort S&P500 (SDS) traded higher by 2.68% or $0.65/share to $24.93. In the past year, the shares have traded as low as $19.48 and as high as $36.17. On average, 35735600 shares of SDS exchange hands on a given day and today's volume is recorded at 19990318. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $22.38 area.
